Inspection / Evaluation · Small Business Administration OIG · 2021-01-14 · about Small Business Administration
| # | Status | Text |
|---|---|---|
| 1 | Open | Review the loans identified as potentially ineligible to determine if the businesses met eligibility requirements. If not, take appropriate action related to loan guaranty and forgiveness. |
| 2 | Closed | For future rounds of PPP lending, assess vulnerabilities in internal controls and strengthen or implement necessary internal controls to address ineligible loans and potential fraud. |
| 3 | Closed | For future rounds of PPP lending, revise the borrower application to include the critical “jobs retained” field to ensure SBA reports accurate and complete job numbers. |
| 4 | Closed | For future rounds of PPP lending, revise the application to include the demographic information of borrowers. |
| 5 | Closed | For future rounds of PPP lending, update the PPP borrower application to include a field for the North American Industry Classification System code of the business and the business description to enable SBA to prevent potentially ineligible loan… |
| 6 | Closed | Update the PPP forgiveness application to include North American Industry Classification System code to ensure that previously recorded information is accurate. |